New Auto Tariffs Anyone?

It is mind-boggling that you have to actually explain this to someone.

4 Likes

and they don’t build cars do they?

:flushed:

Bwahahahahahaha :rofl:

2 Likes

Not really when you see who

3 Likes

Dude. It isn’t a left /right thing.

It is how tariffs work.

Imported cheap good A is taxed to protect the domestic production of good B

The price is raised to the price of Good B.

The costs are increased artificially.

It is math.

1 Like

That is a very fair point.

So much stupid in this thread from a Trumplicans.

Trump imposed 25% tariff on Chinese steel last year. Is the price up or down?

Bwahahahahahaha :rofl:X 100!

Then why are steel costs lower after a 25% tariff on China?

But you have to factor in that their per-capita income is 18,418 as opposed to the USA of 15,480.
And like most countries income tax is based on the individuals ability to pay.
Yes they have a VAT. Which is something that has been discussed for our country.
And their tax rate is also based on having some social services (health care) paid for by taxes that we don’t have.

Opels.

Um…the price is way up.

http://www.aei.org/publication/chart-of-the-day-double-digit-increases-in-us-steel-prices-to-the-highest-in-the-world-are-crippling-us-manufacturers/

Backfire Economics: Double-digit increases in US steel prices to the highest in the world are crippling US manufacturers

Reduced competition from imported steel has allowed domestic producers such as US Steel to raise the prices of their American-made products. But much of its product is sold based on longer term contracts that lock in prices. So there are still price increases ahead for US Steel (X)as those contracts come to an end.

Blanket tariffs on steel and aluminum imported into the U.S. are likely to keep driving up domestic metal prices that have already been on a tear.

And who do you think is paying for these increased prices of steel? The end-consumer.

2 Likes

Ok…lol!

Steel market

TY, TY, TY…!

Tariffs are paid by American companies.

Oh, and Daimler, Porsche, Volkswagen, Audi, BMW, Ford Motor Company, Škoda Auto, Groupe Renault, Hyundai Motor Company, and a host of support industries.

1 Like

Canada seems to love them…

Expand your data there champ, and see what the tariffs have done to steel prices.

image

6 Likes

You don’t seem to understand what Tariffs are.

1 Like

Yes and the Canadian consumer pay for it why prices are much higher in Canada then America.